ISM: All tonnage segments reviews, real freight fixtures & commodity prices
Coaster Freight Index: Comprehensive data on shortsea shipping

Bad times yet to come to USG F/H Panamax/Kamsarmax market

14.02.18
15:44

The situation looks discouraging for Panamax/Kamsarmax owners in the North Atlantic. There is still a shortage of new grain offers for fronthaul shipments from the Gulf of Mexico ports, as Chinese consumers are actively switching to purchasing Brazilian soy. Weak demand for sorghum in China is additionally hampering the market sentiment. The rates for shipments from the regional ports keep sliding down. According to brokers, the Kamsarmax time-charter bss dely USG redel Spore-Japan (via COGH) is now quoted at about $15k daily + $500k bb. The Kamsarmax rates bss dely Continent via USG redel Spore-Japan are voiced at $17k daily. The deal for grain transportation by a 82,000 dwt vessel bss dely WMed via USG redel PG has been signed at $18k daily. The rates for shipment of 66,000 t of grain from the Gulf of Mexico to China (via the Cape of Good Hope) now amount to $41-41.5/t.

The transatlantic market continues to soften. The relevant rates are decreasing amid an imbalance of cargo offer and tonnage supply in the region. A Panamax vessel can now be chartered at $10k daily bss TARV (compared with $11k daily last week). The deal for a Kamsarmax carrier bss dely WMed via USG redel Continent has been signed at $10.65k daily. The rates for such fleet bss dely USEC redel Skaw-Passero with H2 February laycans are voiced at $11k daily + $150k bb. Contracts for Kamsarmax ships bss dely NCSA redel Continent with early March laycans are negotiated at $17-17.5k daily. The deal for transportation of 60,000 t of coal from the US Atlantic coast to Morocco with late February-early March laycans has been fixed at $11.25/t.

Offices Location:
Ukraine:

Tel. / fax: +38 056 375 79 17
Post address: Metal Expert,
48b, Naberezhna Peremogy,
Dnipro, 49094,
Ukraine
Russia:

Metal Expert Russia
Post address: P/O box 60,
Moscow, 123060,
Russia
USA:

Metal Expert LLC
Post address: Metal Expert LLC,
2470, Hodges Bend Cir.,
Sugar Land, TX 77479,
USA
Estonia:

Metal Expert Europe OÜ
+3 725 191 30 33
Silmu 7, Tallinn,
13516, Estonia
 
© 2004-2018 Metal Expert LLC